Charity No: 1109468
LEWISHAM SPORTS CONSORTIUM Report of the Trustees and Financial Statements For the year ended 30 November 2023
| Charity No 1109468 | |
|---|---|
| Index | |
| Page | |
| Charity details | 1 |
| Trustees’ Report | 2 - 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to Financial Activities | 7- 8 |
Page 1 Lewisham Sports Consortium
Charity Details
Charity No 1109468
MANAGEMENT COMMITTEES
Trustees Mr Michael Anthony Garrick Mr Lee Laing Mr Ashley Letts Mr James Nelson Mr Harry Alexander Powell Mr Lascelles Udenzie Dixon Secretary Mr Michael Anthony Garrick Charity Number Charity No 1109468 Registered Office 140A Firhill Road Catford London SE6 3SQ Independent Examiner JRK Accountancy Services 279 Slade Green Road Erith DA8 2JN Bankers NatWest Bank 159 Rushey Green London SE6 4BJ
Page 2 Lewisham Sports Consortium
Trustee's report for the year ended 30th November 2023
The trustees present their report together with the financial statements of the charity for the year ended 30th November 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
Trustees
The trustees named on page 1 have served throughout the year. The appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through the resignation or death of an existing trustee.
Investments powers
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
Constitution, objects and policies
The company’s principal activity during the year was that of providing sport, recreation and cultural activities for the community particularly targeting the Black and Minority Ethnic (BME) community in the London Borough of Lewisham
The trustees take the day today responsibility for running the charity.
Development, activities and achievements
The trustees consider that the performance of the charity this year has been most satisfactory.
Financial review
Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the charity. Should this support not continue in the longer term, further financial support would need to be sought to replace it.
Risk Management
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Page 3 Lewisham Sports Consortium
Trustee's report for the year ended 30th November 2023
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
Statement of trustees' responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the charity's financial activities during the year and its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) make judgments and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to many departures disclosed and explained in the financial statements;
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This project was approved by the trustees on 27 / 09 / 2024 and signed on their behalf by
Michael Garrick Trustee
Page 4
Lewisham Sports Consortium
Independent Examiner's Report
Report to the trustees and members of Lewisham Sports Consortium
Charity No 1109468 The accounts for the year ended 30th November 2023 Set out on pages 4-6
Respective responsibilities of the trustees and examiner
The Charity’s trustees consider that an audit is not required for this year under s144 of the Charities Act 2011
(the Charities Act) and that an independent examination is needed.
It is my responsibility to
-
examine the accounts under s145 of the Charities Act,
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under s145(5)(b)
of the Charities Act) and
- to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and, seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit opinion on the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention.
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-to keep accounting records in accordance with s130 of the Charities Act.
- to prepare accounts that
accord with the accounting records and comply with the accounting requirement of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed Dated: 27 / 09 / 2024.
JRK Accountancy Services 279 Slade Green Road
Erith DA8 2JN
Page 5 Lewisham Sports Consortium
Statement of Financial Activities
For the year ended 30th November 2023
| Notes Incoming resources 7 Charitable Activities Fund Generation - Fund Raising Grant Donations Total incoming resources Resources Expended Direct Charitable Expenditure: 8 Overheads 9 Total Resources Expended Operating deficit resources for the year Fund carried forward 30 November 2023 Total funds |
Unrestricted Fund £ 29,846 6,857 - 2,691 |
Restricted Fund £ - - - |
Total Total 2023 2022 £ £ 29,846 26,845 6,857 5,886 - - 2,691 463 |
|---|---|---|---|
| 39,394 | - | 39,394 33,194 |
|
| 10,913 36,983 |
- - |
10,913 12,915 36,983 34,005 |
|
| 47,896 | - | 47,896 46,920 |
|
| (8,502) 16,924 |
- - |
(8,502) (13,726) 16,924 30,650 |
|
| 8,422 | - | 8,422 16,924 |
There were no recognised gains or losses for 2023 and 2022 other than included in the statement of financial activities
Page 6 Lewisham Sports Consortium
| Charity No 1109468 Balance Sheet 30th November 2023 Notes 2023 £ £ FIXED ASSETS 4 - CURRENT ASSETS Debtors 5 1,426 Cash at bank & in cash 10,471 11,897 CREDITORS Amounts falling due within one year Current Liabilities 6 (3,475) (3,475) Net Current Assets 8,422 TOTAL ASSETS LESS CURRENT LIABILITIES 8,422 FUNDS OF THE CHARITY Retained surplus Brought Forward 16,924 Surplus/ deficit for the year (8,502) Total funds 8,422 Approved on 27 / 09 / 2024 and signed on behalf of the Trustees |
2022 £ 826 30,649 31,475 (14,551) (14,551) |
|---|---|
By
Mr Michael Anthony Garrick Trustee Member
Page 7 Lewisham Sports Consortium
Notes to the Financial Statements
For the year ended 30th November 2023
1 Accounting policies
- 1.1 Accounting convention
The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective June 2002) and Statement of Recommended Practice (SORP 2005) and with the Charity Acts 2011
Income
Income represents the total donation and gift excluding Value Added Tax of income made during the year
- 1.3 Depreciation
Depreciation is not provided as no tangible fixed assets were held during the period.
2 Income
The total income of the organisation for the year has been derived from its principal activity wholly undertaken in the UK
| 3 Operating deficit/surplus 4 Debtors Total 5 Creditors amount falling due within one year Sundry creditors Total |
2023 £ (8,502) 2023 1,426 1,426 2023 3,475 3,475 |
2022 £ (13,726) |
|---|---|---|
| 2022 826 |
||
| 826 | ||
| 2022 14,551 |
||
| 14,551 |
Page 8 Lewisham Sports Consortium
Notes to the Financial Statements
For the year ended 30th November 2023
| 6Incoming & Expenditure Income: Charitable Activities Fund Generation - Fund Raising Grant Donations Other Income Bank interest Total incoming resources 7Direct Charitable Expenditure: Purchases Charity shop expenses Fundraising expenses Total Gross Surplus 8Overheads Premises Administration Maintenance Bank Charges Total Deficit Total resources expended Deficit For the Year |
Unrestricted Restricted Fund Fund £ £ 29,846 - 6,857 - - - 2,691 - |
Total Total 2023 2022 £ £ 29,846 26,845 6,857 5,886 - - 2,691 463 |
|---|---|---|
| 39,394 - |
39,394 **33,194 ** |
|
| 10,913 - - - - - |
10,913 12,915 - - - - |
|
| 10,913 - |
10,913 12,915 |
|
| 28,481 - |
28,481 20,279 |
|
| - - 36,983 - - - - |
- - 36,983 34,005 - - - - |
|
| 36,983 - |
36,983 34,005 |
|
| (8,502) - |
(8,502) (13,726) |
|
| 47,896 - |
47,896 46,920 |
|
| (8,502) - |
(8,502) (13,726) |